Tracking the Economic Cycle and the Falloff in Consumer Spending

by Benjamin Domenech on 10:26 am October 20, 2009

Jason Trennert: “In the postwar period, most economic cycles in the U.S. have been driven by pent-up demand from interest rate sensitive sectors like housing and autos. We think it’s safe to say there is little pent-up demand for these sectors today and that consumer spending as a percentage of GDP is likely to fall.”